2027 Institutional Equity Division Industrial Placement / Summer Analyst Program (Hong Kong / Singapore)

Overview

Morgan Stanley’s Institutional Equity Division (IED) is a global leader in the origination, distribution, and trading of equity, equity-linked, and equity-derivative securities. The division serves a broad global institutional client base, delivering innovative solutions designed to help clients generate alpha and manage risk across their portfolios. IED encompasses a wide range of businesses, including:

• Cash Equities: Global leadership in executing transactions in cash equity and equity-related products for institutional clients worldwide, including common stocks, global depository receipts, and exchange-traded funds.
• Equity Derivatives: Leading provider of execution services and solutions across global equity derivatives markets, including equity options, equity swaps, warrants, structured notes, and futures on individual securities, indices, and baskets of securities.
• Prime Brokerage: Over 30 years of leadership in financing, market access, and portfolio management, supported by strong client relationships, technology, and product experts.
• Sales: Teams collaborate with Chief Investment Officers, Portfolio Managers, and Traders to deliver market insight and facilitate introductions to product experts to achieve investment objectives.
• Sales and Trading: Helps institutional clients identify and implement cost-efficient, suitable trading solutions, providing pricing, liquidity, and managing firm risk.

Internship Programs

Internship Programs

The Institutional Equity Division’s Internship Programs begin with a one-day orientation, where Industrial Placement & Summer Analysts are introduced to the Firm, its core businesses, and fellow interns through a firmwide networking event. Interns participate in divisional-specific training to build the core skills required for a successful internship. Throughout the program, all Industrial Placement & Summer Analysts receive hands-on, on-the-job training and exposure to a wide range of roles, products, and services across IED. Interns work alongside experienced professionals in a fast-paced, client-facing, and market-driven environment, gaining practical insight into how institutional equity markets operate. Industrial Placement & Summer Analysts will have opportunities to broaden and strengthen their skill sets by collaborating across teams on meaningful projects and initiatives. Two rotations within the Institutional Equity Division are offered during the internship program. The program also features a Senior Management Speaker Series, desk teach-ins, cross-divisional networking opportunities, community service events, performance reviews, and a robust mentorship program.

Role and Responsibilities

Sales: Work alongside experienced employees to learn how we build our client base and establish and maintain long-term client relationships. Assist with developing and presenting investment ideas and the fundamentals of selling and cross-selling the Firm’s products.

Trading: Develop and execute trading ideas and analysis, and support all aspects of the market-making trade execution process, from research analytics on trades to relative value analysis.

Structuring: Use an innovative and solutions-based approach to designing both investment and risk management products across all asset classes.

Research / Strategy: Analyze market fundamentals and liaise with researchers to develop investment recommendations for internal and external clients.

Analytics: Provide quantitative and qualitative analytics around client revenue and profitability; work to efficiently manage commission dollars by creating increased transparency around the services that clients value.

Qualifications and Skills

• You are pursuing an undergraduate Bachelor’s or Master’s degree, with a graduation date between October 2027 and July 2028.
• A strong interest in finance and financial markets.
• Analytical and adaptable, a strong multi-tasker, a collaborative team player, and possess a strong work ethic.
• Strong interpersonal, verbal, and written communication skills.
• Fluency in English is required; Asian language skills are preferred.

Internship Period

• Industrial Placement Program: 6 months between January and July 2027.
• Summer Analyst Program: 10 weeks between June and August 2027.

Application Process and Deadline

Application process may vary by location but typically follows:

• CV Assessment
• On-Demand Video Interview
• Zoom Interview
• Superday

Application deadlines:

• Deadline #1: Sunday, August 16, 2026 at 23:55 HKT / SGT
• Deadline #2: Sunday, September 27, 2026 at 23:55 HKT / SGT

We recruit on an ongoing basis, so we encourage you to apply as soon as you are ready.

Remarks: Please apply to this program if you are interested in our Sales, Trading, Prime Brokerage, or Sales-Trading roles with Equities. If you are interested in our quantitative or structuring/content roles within Equities, you should apply for the 2027 Institutional Equity Division Quantitative Finance Summer Analyst / Associate Program (Hong Kong).

What you can expect from Morgan Stanley

At Morgan Stanley, we raise, manage, and allocate capital for our clients to help them reach their goals. Our values—putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back—guide decisions to benefit clients, communities, and more than 80,000 employees in 1,200 offices across 42 countries. You’ll work alongside the best and brightest in an environment that supports and empowers you. Our teams are relentless collaborators and creative thinkers, fueled by diverse backgrounds and experiences. We offer comprehensive employee benefits and opportunities to move within the firm for those who show passion and grit. To learn more about our offices across the globe, please visit: https://www.morganstanley.com/about-us/global-offices.